We closed out the June 45 covered calls on our Suntech shares yesterday. We wrote those on 04/01/2008 at 4.3 and closed yesterday at 0.65. Overall, the shares barely moved over this period and it weakened in the last few days for no significant reason. The calls earned a return of over 10% on our STP shares in a little over two months.
The list of stocks/options sold during the year and the gain/losses are listed below:
| Stock | Buy Date | Buy Price | Sell Date | Sell Price | % Gain (Loss) | % Portfolio Return* |
| LDK Solar (LDK) | 11/21/2007 | 30.30 | 01/08/2008 | 40.83 | 34.75 | 2.64 |
| Fannie Mae (FNM) | 02/15/2008 | 30.70 | 03/10/2008 | 19.82 | (35.44) | (2.18) |
| Navteq Inc.(NVT) | 03/11/2008 | 73.32 | 03/12/2008 | 72.15 | (1.62) | (0.06) |
| Suntech March 45 Call (STPCI) | 10/15/2007 | NA | 03/22/2008 | NA | NA | 0.50 |
| LDK Solar March 40 Call (LDKCH) | 02/13/2008 | NA | 03/22/2008 | NA | NA | 0.44 |
| Taiwan Semi April 12.5 Call (TSMDV) | 10/18/2007 | NA | 04/20/2008 | NA | NA | 0.1664 |
| Cypress Semi April 27 Call (CYDB) | 04/04/2008 | NA | 04/20/2008 | NA | NA | 0.2137 |
| Cypress Semi (CY) | 04/02/2008 | 24.89 | 04/20/2008 | 26.95 | 8.26 | 0.4113 |
| EMC Corporation May 16 (EMCEQ) Call | 04/23/2008 | NA | 05/17/2008 | NA | NA | 0.1639 |
| EMC Corporation (EMC) | 04/08/2008 | 15.00 | 05/17/2008 | 15.97 | 6.48 | 0.2915 |
| Suntech June 45 Call (STPFI) | 04/01/2008 | NA | 06/05/2008 | NA | NA | 0.3538 |
| Realized Gain/(Loss) YTD | - | - | - | - | - | 2.9351 |
- % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
- The table assumes realization of profits associated with selling options only after the option is exercised or expiry.
0 Comments::
Post a Comment